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Just a few observations:
1) Any of the automakers filing for Chapter 11, would be a fiscal suicide. Public perceptions says that you do not buy from an automaker that's in bankruptcy (even though that is a flawed argument)
2) I happen to think that the Automakers WILL get the money they're after. What we're seeing is political theater--on both sides. On one hand, you have the CEOs trying to "appease" the public by foregoing their salaries (even though they've been paid tens of millions in bonuses year after year) and selling their private jets. On the other hand, you have the politicians who owe, at least in part, something to the "special interests" that got them to where there are. I can imagine that there are big unions who would be negatively affected by the collapse of Ford/GM/Chrysler; the same ones that have been supportive of some of these politicians' election campaigns.
3) In the unlikely event that they do go into bankruptcy, that might hurt some of you here who are opposed to the bailout. The economy is interconnected, and it's naive to think that only the suppliers will be affected.
4) No matter what the decision, someone loses. If there's anything to be said here, it's humans, beyond a shadow of a doubt, are incapable of ruling themselves with any great degree of success. No matter what kind of government or economy is tried, inevitably the majority suffers in some kind of way. Perhaps Eve should have left that fruit alone ...
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